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SAS a leader in Chartis RiskTech100® report

SAS cinches top spots in core technology, banking and credit risk categories

SAS secured the No. 2 spot in Chartis’ prestigious RiskTech100® rankings, which also declared SAS the category winner for core technology, banking within the vertical sector and for credit risk. The annual international listing of top risk technology vendors awarded the business analytics leader very high scores for functionality and innovation.

“As the core technology category winner, SAS was recognized for exceptional on-demand analytics able to handle large data volumes while maintaining data quality,” said Peyman Mestchian, Managing Partner at Chartis. “High-performance technology in risk management provides fundamentally better processes for faster, smarter decisions – an area where SAS excels.”

Chartis forecasts global risk IT expenditures in financial services to exceed US$30 billion by 2015, noting that firms have invested most in both real-time technology and big data. Chartis explained that “data volume, complexity, and speed can provide opportunities for better risk intelligence and preventative risk mitigation actions.”

Technology spending grew most in risk data management, says Chartis. “Between 2014 and 2015, financial institutions will increase spending on risk data management by 17 percent from US$7.5 billion to US$8.9 billion.”

In 2013, SAS was a category leader in Chartis’ RiskTech Quadrant® Credit Risk Management Systems for the Banking Book, RiskTech Quadrant® for Data Management and BI, and RiskTech Quadrant® for Basel 3. Chartis also recently ranked SAS as a category leader for its RiskTech Quadrant® for anti-money laundering technology and operational risk management software.